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pending question whether efficiency in the provision of public goods and services is affected by strategic behavior. I examine … how electoral cycles influence local government efficiency by using OLS fixed effects, event study, and instrumental … variable estimations in a large balanced panel of around 2,000 municipalities in the German state of Bavaria. Cost efficiency …
Persistent link: https://www.econbiz.de/10012793235
level. As this paper shows, factor mobility and fiscal competition between local governments lead to increasing rent …
Persistent link: https://www.econbiz.de/10010275509
As with the market for goods and services, democratic competition involves political parties offering their services …
Persistent link: https://www.econbiz.de/10010291659
1992 - 2002 reveals a general upward bias in tax projections in election as well as non-election years. The degree of …
Persistent link: https://www.econbiz.de/10010296566
The phenomena of manipulation of the economy by the incumbent for electoral purpose are called Political Business Cycles (PBC), introduced by Nordhaus (1975). Using policy control economic instruments, as fiscal and monetary instruments, government may manipulate the economy to gain electoral...
Persistent link: https://www.econbiz.de/10010300840
This paper is a study of the influence of economic and political conditions on the results of incumbent parties' candidates in local elections in France. The large sample used covers 586 towns and two elections (2001 and 2008). It explicitly deals with the specificities induced by the tworound...
Persistent link: https://www.econbiz.de/10010301228
The level of revenues pocketed by a government during the fiscal year often deviates from that projected by this government in its budget. Despite a flourishing literature on, for example, the technical or procedural determinants of such forecast errors, little is yet known about how political...
Persistent link: https://www.econbiz.de/10010306964
This paper analyzes the consequences of an electoral reform introducing mayoral term limits at the municipal level in Portugal. Relying on a difference-in-difference methodology and a novel method that accounts for anticipatory effects of reforms, this study explores variation between and within...
Persistent link: https://www.econbiz.de/10011301336
This paper examines whether revenue decentralization and direct external financial supervision affect the incidence and strength of political budget cycles, using a panel of Israeli municipalities during the period 1999-2009. We find that high dependence on central government transfers - as...
Persistent link: https://www.econbiz.de/10011301339
The political article tests for rational political business cycles models on an unexplored and large data set of Portuguese municipalities. This data allows for a clean test of the models due to its high level of detail on expenditure items, an exogenous fixed election schedule and the...
Persistent link: https://www.econbiz.de/10011318937